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Lam Research (LRCX)
NASDAQ:LRCX
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Lam Research (LRCX) Price & Analysis

12,082 Followers

LRCX Stock Chart & Stats

$314.66
-$14.57(-4.56%)
At close: 4:00 PM EDT
$314.66
-$14.57(-4.56%)

Bulls Say, Bears Say

Bulls Say
Revenue Growth And ProfitabilityThe strong revenue rebound and consistently high profitability indicate substantial earnings power and customer demand for Lam’s manufacturing equipment. Healthy margins can support research, service expansion, and investment through the semiconductor cycle, strengthening the company’s ability to compound over several quarters.
Improving Balance SheetLower debt alongside expanding equity improves financial flexibility and reduces the burden of leverage during industry downturns. A healthier balance sheet gives Lam more capacity to fund technology development, support customers, and pursue strategic opportunities without relying as heavily on external financing.
Strong Cash GenerationSubstantial operating and free cash flow demonstrates that reported profitability is generally backed by cash generation. This supports ongoing investment in products and customer services while providing resources for shareholder returns and resilience when semiconductor spending becomes less predictable.
Bears Say
Semiconductor Cycle ExposureLam’s equipment sales depend on customers’ capital spending and technology transitions, so demand can contract sharply when chipmakers defer or reduce investment. The 2024 revenue decline shows that strong margins do not eliminate cyclical exposure, creating potential variability in future growth.
Free Cash Flow VolatilityThe sizeable free-cash-flow decline indicates that cash conversion can weaken even while revenue grows, reflecting greater reinvestment needs or working-capital swings. Persistent volatility could constrain capital allocation and make internally funded expansion less predictable across the semiconductor cycle.
Board Governance TransitionThe planned retirement of two directors represents a meaningful change in Lam’s governance composition, particularly because Cannon had 16 years of board service and chaired the nominating and governance committee. Continuity of oversight and technology expertise therefore warrants monitoring during the transition.

Lam Research News

LRCX FAQ

What was Lam Research’s price range in the past 12 months?
Lam Research lowest stock price was $135.50 and its highest was $438.50 in the past 12 months.
    What is Lam Research’s market cap?
    Lam Research’s market cap is $340.64B.
      When is Lam Research’s upcoming earnings report date?
      Lam Research’s upcoming earnings report date is Oct 21, 2026 which is today.
        How were Lam Research’s earnings last quarter?
        Lam Research released its earnings results on Jul 29, 2026. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.687 by $0.133.
          Is Lam Research overvalued?
          According to Wall Street analysts Lam Research’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Lam Research pay dividends?
            Lam Research pays a Quarterly dividend of $0.33 which represents an annual dividend yield of 0.41%. See more information on Lam Research dividends here
              What is Lam Research’s EPS estimate?
              Lam Research’s EPS estimate is 2.18.
                How many shares outstanding does Lam Research have?
                Lam Research has 1,251,424,300 shares outstanding.
                  What happened to Lam Research’s price movement after its last earnings report?
                  Lam Research reported an EPS of $1.82 in its last earnings report, beating expectations of $1.687. Following the earnings report the stock price went up 17.979%.
                    Which hedge fund is a major shareholder of Lam Research?
                    Currently, no hedge funds are holding shares in LRCX
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Lam Research

                      Lam Research Corporation is a prominent supplier of equipment vital for semiconductor processing, encompassing its design, production, sales, repair, and ongoing maintenance. These sophisticated systems are fundamental for the creation of integrated circuits. The company's extensive product catalog features a variety of deposition technologies. For tungsten metallization, they provide ALTUS systems that deposit conformal films. SABRE products excel in electrochemical deposition, crucial for copper interconnect transitions and enabling copper damascene manufacturing. SOLA utilizes ultraviolet thermal processing for film treatments, while VECTOR delivers plasma-enhanced chemical vapor deposition (CVD) and atomic layer deposition (ALD) solutions. Furthermore, SPEED addresses gapfill applications with its high-density plasma CVD products, and Striker is engineered for single-wafer atomic layer deposition of dielectric films. Beyond deposition, Lam Research offers a comprehensive suite of etching tools. Flex is designed for dielectric etch applications, Kiyo handles conductor etch processes, Syndion specializes in through-silicon via etching, and Versys metal products are used for metal etch processes. The company's offerings also extend to specialized solutions like Coronus, which enhances die yield through bevel cleaning. For various wafer cleaning requirements, Lam Research supplies multiple product lines, including Da Vinci, DV-Prime, EOS, and SP series. Additionally, Metryx mass metrology systems provide precise, in-line mass measurement capabilities for semiconductor wafer manufacturing. Lam Research serves the global semiconductor industry, distributing its technologies and services across the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and other international markets. Established in 1980, the company maintains its corporate headquarters in Fremont, California.

                      Lam Research (LRCX) Earnings & Revenues

                      LRCX Company Deck

                      LRCX Earnings Call

                      Q4 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call emphasized strong top-line growth, record deposits and profitability, rapid product and international expansion (Robinhood Chain, Trump Accounts, banking, credit card, prediction markets), and disciplined expense management. Several notable execution risks and open items remain — most importantly regulatory uncertainty for on‑chain tokenization and U.S. perps, early-stage friction for Agentic Trading, and month-to-month variability in net deposits and crypto activity. On balance, the positive operational and financial momentum along with sizable product and geographic expansion opportunities outweigh the listed challenges.View all LRCX earnings summaries

                      LRCX Revenue Breakdown

                      64.07%64.07%35.93%
                      64.07% Systems Revenue
                      35.93% Customer support-related revenue and other
                      tipranks

                      LRCX Stock 12 Month Forecast

                      Average Price Target

                      $401.68
                      ▲(27.66% Upside)
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style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":390.844,"date":1782864000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 51,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":292.709,"date":1785542400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 50,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      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                      Ownership Overview

                      0.28%20.83%0.79%45.82%
                      0.79% Other Institutional Investors
                      45.82% Public Companies and Individual Investors
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